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Search Results 0 to 49 of about 987 (some duplicates have been removed)
with the innovators of the new economy. >> well done, sir. >> i just take care of the economy. >> people inventing new economies that are fast becoming household name. they'll help you hail a cab, plan a party or go on vacation. everyone deserves the cinderella experience. how they're changing the economy, your money, and your life. we'll feast on their ideas that have become reality and give you a seat at the table. >> to the new economy. >> all that and a lot more coming up now "on the money." >> this is america's number one financial news program, "on the money." now maria bartiromo. >> we'll have our special programming in just a few minutes. first, a look at what is making news as we head into a new week "on the money." the nation's economy showed some signs of strength in the first quarter of the new year. the gross domestic product report came out in. it grew at an annualized rate of 2.5%. that was below economists' expectations. they were expecting 3%. but it is still a rebound from last quarter's weak 4/10% showing. a key component of the gdp was at the best level since the end of 2010. the s
's not a real magic secret here, if the growth rate of the economy is going to be only a little above 2%, the unemployment rate is not going to come down very fast. we're not going to generate this kind of job growth faster than this on a sustained basis and that's what we need to do. >> mohammed, are we stuck here, mohamed el erian with a jobless rate ticking down sometimes but not falling? >> so we've taken a big step towards a better outcome. i'm actually quite encouraged by friday's jobs report. if you look at the last three months we've created 212,000 jobs, long-term unemployment is coming down, like you said the unemployment rate is coming down for the right reasons. so this is an important step. it's not the whole thing, and we still have the head winds coming from washington, we still have slow growth but it tells me that the underlying economy continues to heal, and that's good news. i wish it were healing quicker, but it's definitely healing. >> austan, let me ask you about the quality of the jobs coming back. i see retail jobs and leisure and hospitality, it's great consumer
. they are studying the evolution of specialization as they uncover details of ancient economies around the world. in the maya city of copan, a jeweler fashioned rare shell and jade for his powerful lord. in mexico, living artisans echo the economy of a vanished civilization. and in teotihuacan, evidence of mass production has now been unearthed. tiny faces of clay reflect the men and women who made them a thousand years ago. on the other side of the world, in the ancient roman city of ostia, huge merchant ships were part of an economy much like our own. and today, the tanners of morocco still practice their ancient craft, living proof that economies have evolved out of the past. everyone who has ever lived has been part of an economic system. iel bote grande...mil pesos! economic systems are simply the ways people produce, distribute and consume things -- everything and anything, from tortillas to stocks and bonds. for 10,000, 10,000 an eighth. today, as in the past, economic systems lie at the heart of how a society is organized. archaeologists search for these systems because they believe econ
in the regional economy and again there is so much business activity. and we are blessed with just being in this part of the country and the world. i'm very interested in what we are going to hear from our speakers this morning to sort off guide us through this year. now before we get to our program please join me in thanking the organizations and people who made this possible. and you can clap now for awful them but -- this event is jointly presented by san francisco business times and our partner, title sponsor corn irand carey commercial new mark, night, frank. and we are going it hear from dan clef man and dan class man some 14 year ago really came up with this idea, we sat down over lunch and there was another person involved allen cline knelt and which came up with this idea and so i have to give dan much much credit for that. (applause). . very much so. and in 2012, cornish and carey, dominated the area of commercial real estate with over $6 billion in leasing and sales transactions so very good there. and you are soon going to hear from dan and he is going to give us that a go
economy. >> tharg time. >> people inventing new companies that are fast becoming household names. they'll help you hail a cab, plan a party, or go on vacation. >> everybody deserve az as i understand rela experience. >> how they're changing the economy, your money. we give you a seat at the table. >> to the new economy. >> all that a lot more coming up on "the money." >> this is america's number one financial news program. "on the money" now. maria bartiromo. >> we'll have our special program in a few minutes. first what's making news as we head into a new week "on the money." a nation's economy showed strength in the first quarter of the year. the gross domestic product came out. it grew. that was below economists' expectations. they were expecting 3%. it's still a rebound from last quarter's weak .4% showing. a key component was at the best level since the end of 2010. the s&p 500 and the nasdaq road a five-day winning streak into thursday, while the dow's three-day -- the markets were mixed on friday. a big week for earnings among dow components. cat pillary missed expectations. the
. is the consumer and the economy stronger than many think? >>> golden opportunity. is gold still the precious metal to own despite all that recent volatility. >>> and restore the shores. six months after superstorm sandy hit the coasts. allinothat and more on "nightly business report," monday april 29th. good evening, everyone. we had a nice start to the week for investors. stocks opened up and kept on going. >> yeah, a little bit of a surprise, but it was one of those days. it has been a few weeks indeed since we said this, but it was another record-setting day on wall street with stocks getting a big boost. pending home sales, contracts that assigned, not yet closed rose 1.5% in march. and personal income and consumer spending rose two-tenths of 1% in march. the dow rose 106 points days. nasdaq good for a 12 1/2-year high. and the s&p 500 closed 11 points higher, ending the session at 1593.61, tenths of a point above the old record close. things may just be warming up. on wednesday we'll get the latest road on how much homes are selling for. and federal reserve policy makers will wrap up a two-da
news as usual. the trouble in spain keeps going on? >> an economy that just will not grow. confirmation today that spain is in trench in a double dip recession. meaning possibly more spaniards joining the already 6.2 million people who simply cannot find a job. ♪ >> it is midday in london, 7:00 a.m. in washington, 1:00 in the afternoon in the netherlands, where worries about the economy have been set aside to celebrate the inauguration of prince william alexander as the new king. as far as the planned abdication of his mother, the ceremonies are not over yet, so let's get the latest in orange square, amsterdam. very good afternoon to you, george. good afternoon to all of you joining us in amsterdam. i am in orange square, where you can see i am surrounded by a sea of orange. tens of thousands of people have gathered here to celebrate this momentous occasion, something that has not happened in nearly a century. when the queen abdicated today, she transferred power to person. for the first time in 100 years, this country has a king. matthew looks back of the day so far. >> they gathered
guests are here. welcome to everybody. john, stocks racing, but the economy stalling? >> yes. that is exactly the point. look, you said the stocks are on fire. they have been on fire. there is obviously a disconnect. the economy, you can not say, no one will say the last three years has been on fire. with the fed pumping money, with zero interest rates, the rich get richer, the poor get poor. we have the highest poverty rate -- more people in poverty in the history of our country. we're seeing the market take off. there is a huge disconnect between the two and that's not going to change with the lowest labor force participation rate, consumer driving 70% of the economy. >> susan, there are some good things out there, right? the housing market has found its foundation. we did have a solid jobs report and we had high revisions for the last couple of months. so is main street feeling this, too, or is it all wall street? >> no, it's starting to get better. people have been eulogizing this economy for months and it's just not as bad -- >> that's a big word. [ laughter ] >> and it'
.com. >> finding growth. the economy expands, but some say it's not fast enough. what it all means for you. >> big mac. how mcdonald's sees the broadest economy. >> social investing. why using social media to get a competitive edge in the market could be dangerous to your wealth. all this and more on "nightly business report" good evening, everybody. s susie, any growth is good news. >> good, but not great. u.s. economy grew by 2.5%. that was less than the robust 3% most experts were predicting. much of the gains in the gross domestic product came from strong consumer spending. businesses and government spend less, raising concerns that growth may grind to a halt in the months ahead, unless big changes are made. american consumers get most of the credit for ramping up the economy. buying cars, lots of them, and houses. and paying utilities to heat those homes. consumer spending rose 3.2% pace, the fastest in two years. why was the gdp number such a bummer? consumers funded many of the purchases by saving, and that tradeoff pulled the nation's saving rate down to 2.6%, the lowest since 2007. higher
unable to find one. >> we have to get this economy going, and not raising tax rates to have more peopl working we could do would it not for the drag of the president's health care law. >> their use in the jobs report to sage to and the sequester cuts and the president spoke of more government spending on both sides of the border. >> with remember every dollar that we invest in research and development concerns such march are economy with jobs and opportunity and products. >> a soft spot for the president is used and a planet with the new jobs report showing the effect of an employee rate for young people if you include those looking for work that has given up a 16% the highest level since world war two. >> are generation is graduating college with this desire and passion to make a difference coming into an economy was stagnant with no limit -- new jobs in their the opportunity. >> the rnc chairman criticized the media and the president for not bringing up the jobs at the a news conference on tuesday although officials say in the weeks ahead the president will be traveling around the u.
dissatisfaction. >> reporter: malaysians have watched the economy boom. across the capitol city, there is a frantic contradiction. they're snapping up penthouses even before they're built. consumption is up despite a hike in prices over the last decade. and the healthy economy is encouraging malaysians to buy. >> translator: i plan to spend about $170 on clothes today. >> translator: the government's developing because goods are getting more expensive. >> reporter: despite rapid economy growth there are still plenty of people who feel aggrieved. mohammed zarahi is an ethic malay. he works as a motorcycle courier in kuala lumpur. he says the policy hasn't helped him because he has no political connections. he earns 560 u.s. dollars a month. zahari's wife workings as well, pulling in a total household income up to $1,000. that's 60% national average. he always dreamed of buying a home for his family, but rising prices have put a damper on his plans. >> translator: people like me, we have to spend extra carefully. it's not fair. >> reporter: politicians on both sides have promised
.s. recovery at risk if the sequester stays in place? or can the u.s. economy absorb all this? diane is the chief economist for mesro financial. diane, let me start with you. the jobs report friday, 165,000 jobs created. unemployment rate 7.5%. did you see evidence of the sequester jobs report? >> very little evidence. the part we started to see was federal jobs did outpace the loss in state and local jobs and that's completely the reverse of what we saw last year, so now you're seeing the federal government become the headwind as the state and local government cuts. that's bad news that we're losing federal jobs in terms of overall jobs number. and the sequester, it cascades over time. it's not something -- the sky is falling is not how the sequester worked. we'll see these effects multiply as we move into these next couple months. >> we're starting to see these one after another. we talked about head start, meals on wheels, faa, the flight delays. but here's what liberals say. liberals say that budget cuts and this newfound budget religion is just a way for conservatives to gut the
of the world's leading financial and political news sources, there are several facing, concerns u.s. economy, tepid growth and europe and the slowing chinese economy, gillian tett is an assistant editor and columnist, she was previously u.s. managing editor, martin dickson is the current u.s. managing editor and been with the paper since 19 1976. i am very pleased to have all of them here at this table on this very auspicious birthday, welcome. great to see all of you. 125 years, and what is represented here is how many years did i tell you when we sat down. >> well, more than 18 years, we don't look 18 but that is the fact collectively and i have done 28. >> >> rose: how did this begin? >> well, 1888, a man called mr. marks, who was originally, he set up a newspaper called financial news in 1884, 1884, 1888 next came the financial times and these two battled it out until 1946, then they merged to form the modern financial times, and of course this newspaper was launched at the pinnacle of power of the city of london in the late 19th century. >> rose: to reflect on that power and cover that
. why do you say that, and what does that mean? >> well, it means that the u.s. economy and indeed the global economy outside of europe continues to show reasonable signs of growth. you know, and stock investors are terrified about the removal of support by the fed, you know, the withdrawal of monetary accommodation. and it's something that always causes enormous amounts of volatility and consternation when it happens. but, remember, when that happens, it's typically because the economy is growing reasonably, at a reasonably good clip. this is sub-par growth by the standards of past recoveries to be sure, but it is growth and it is durable. so i think that the stock market is not overvalued by any means. i think it's reasonable to expect a pause and a direction. but that isn't something that would keep me on the sidelines. >> let me ask you something about this wall street legend that they say fell in may and go away. i think the statistics go back to world war ii saying that if you sell your stocks in may and then come back in october and re-buy, that you will do better. given the
american economy and this would bring private and sector jobs and th would trickle through the economy as a result of the pipe line. i think that the post is right. >> john tamne. >> a am all for key stone. don't create a false narrative as a result of it. we are a rich country precisely because we divide up work around the world . we import tv and bananas and oil is no different. the idea of walling off the economy from foreign oil is false . >> understood. but bill baldwin. there are moments when one region leads the another in term of oil exploration and right now it is the united states and right now, this is the moment to take advantage of. >> maybe it is . i would like to address another matter offered by the nay sayiers that this will not lower the gasoline at the pump. it is set in a world wide. if we spend 90 bucks a barrette. i would rather having it go up north where it is used to fight terrorism than to send it to those who create terrorism. >> morgan, do you agree? >> this oil has an impact on gasoline prices. and the other is the transportation cost to get crude down to t
the banks to seek even greater security. and i don't think economy can function well if, in the financial sector there isn't that decent amount of risk taking. i'd be interested in what my colleagues think. >> i just want to second the main point of ned. because to be one of the biggest reasons why the uk's recovery has been so much weaker than the u.s., but also one of the reasons why the bcb talks about the monetary policy being ineffective in the euro area is because of this breakdown in small business and new business lending in countries where there's fewer alternative channels come in terms of diversity banks of diversity of instance than india's. i agree with the mission in years but i think it's a major story for why western europe including the uk are behind. >> so, a couple of comments on the. with respect to small business and credit availability, bother is an issue i think we have to understand that the issues of small businesses is less credit availability and demand. tanks don't want to lend to businesses that have no demand, were not credit worthy, particu
numbers, seemans is lowering profit guidance. >>> the italian economy will shrink more than expected and they vow to put growth top of the agenda at the next eu summit. >>> hsbc's final pmi reading down from its flash estimate, signaling demand for good from mainland factories. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> all right. good morning to us from the. it's ecb date and we kick off with the latest manufacturing data out of the eurozone. >> which was starting to look okay. bouncing off the bottom until germany came in less than expected. >> 46.7. the flash is 46.5, but it's weaker than the march 46.8. the bottom line is it's better than a flash by the basis point, actually, it's still getting worse. >> new orders index is a touch better. the market is likely to interpret -- at this point, people are looking for excuses to buy. they like that we're moving from austerity to a stimulus stance. this will help. if this were a little stronger, i would almost argue that they wouldn't need to be quite aggressive here today,
. >>> the economy revved up last quarter. the acceleration may not last. find out why next. later, the new face of charity, online crowd found funding is taking off in the wake of the boston bombings. are you one click away from a scam? u 8 >>> gross domestic product is the broadest measure of our economic output. by that measure it looks like america's economy is picking up steam again. on friday the commerce department said gdp grew by an annual rate of 2.5% in the first three months of the year, perspectiv 3% and higher to signal a real recovery. nevertheless, the 2.5% number looks especially good compared to a meesly growth the america witnessed in the previous quarter, 0.4 in the final three months of 2012. time to break out the champagne? maybe not. we're already seeing slower retail sales drop, growth in manufacturing output that can all point to slower economic growth in the second quarter. when you factor in the effects that higher hey roll taxes could have on consumer spending and the sequester, what that could do to the expansion, you may want to hold the champagne for another occasi
as to how the economy is doing vis-a-vis small businesses, they being of course the backbone of our economy. let's take a look at the numbers for april. michael alter, is the ceo and president of surepayroll. to me it sounds like a willie nelson song: "stuck in neutral again..." - unfortunately we are seeing more of the same. we are seeing payrolls flat month-over-month; we're seeing a slight decrease in the hiring, the number of folks on the payroll; we are really just seeing more of the same. - we do see optimism at least in the upper 60s. that is relatively high, and it is up about 10% in the last two months. - right. it's consistent with the last two months, and we are certainly trending up from where we were. i think what we are really seeing from a small business owner's perspective is a little bit of a jobless recovery. our clients are telling us that they're seeing some revenue growth in their businesses, but fortunately for them they're seeing productivity growth at a greater level than their revenue growth. so they are able to grow their margins a little bit by not having to hire
policy and calls out congress for weakening the economy. we'll talk with former fed governor randy cross. >>> testing, testing. with five months to go, will the state's new health exchanges be up and running in time for open enrollment. this is "nightly business report" for wednesday, may 1st. tyler, the calendar changed and so did investor sentiment. >> the old saying sell in may, go away. did wring true on wall street. stocks fell sharply on more evidence of a slowdown in economic recovery. nasdaq fell 29. sfrp & p 500 down 14. big driver for today's sell-off. disappointing data on jobs, specifically the payroll firm adp reported 119,000 private sector jobs remember created, far less than what economist's expected. march's numbers revise downward as well. causing concern about friday's big government report on payrolls and jobs. the institute for supply management's read on u.s. manufacturing in april showed modest growth, but dropped to the slowest rate of growth so far this year and construction spending during march fell 2%, largely because of a pullback on government spending. >> m
on the economy. now he's adding another issue to his agenda. he wants to revise the constitution which marks its 66th anniversary on friday. in particular, abe is eing a redefinition of the country's defense forces. japanese are divided over whether the constitution should be changed at all. nhk world junio yatsumoto explains. >> reporter: prime minister shinzo abe has waited for years to revise japan's constitution. he and his ruling democratic party have kept that goal in sight since they took power last december. >> translator: it is prime minister abe's belief that we need to change the constitution for assembling an independent nation state. >> reporter: the constitution was written after world war ii. the u.s.-led allied forces controlled its drafting. the most significant characteristic is pacifism. article ix says the japanese people forever renounce war. it red japan to maintain armed forces exclusively for defense. the liberal democrats want to upgrade the status of the self-defense forces to a military force. >> translator: in japan, the sdf is not called a military, but it's treated
and the account me -- on the economy. joining us is ben casselman. the way for being with us. let's begin with a recent story you posted about americans leaving the workforce. what is happening? guest: this is been a trend we have been watching for quite a while now which is the labor force. that is feeble either working or looking for work. it has been trending. it is actually now, the share of the population is at its lowest level since 1979. so it is both ineffective recession but also a longer- term trend that we have been watching for a while now. host: what are the factors in all of this? short-termave a issue in a long-term issue. the short-term is the one we are too familiar with right now. which is that the economy has been week, job growth has been slow, so a lot of the people who want jobs have been giving up looking. they have been dropping out of the labor force and no longer searching for work. that is a major factor. but we also have this longer- term issue, which is that the share of the population that is working have actually been declining since about 2000. there are a
so much for being with me. i'm carol costello, a glimmer of good news on the economy. and a glint of hope for americans searching for a job. minutes ago, we learned 165,000 jobs created in april. that is better -- better than expected and it pushes the jobless rate down slightly. ever so slightly to 7.5%. that's the best rate by the way since december 2008. cnn's business guru, christine romans joins us from new york to parse the numbers. should we be doing the happy dance? >> i think we should, and quite frankly, stock futures are up. you could see records of the open if this holds. could be a record morning for stocks, watching 1,600. and here is why. for the first time in a long time, the jobless rate falls, and not because people are leaving the labor market, but people keep getting jobs, what the chart looks like for job reaction for the year. february and march were much better than expected, in february, carol, 332,000 jobs were created. the labor market is revising its numbers and stronger in february than we thought. march, thought it was 88,000, now 130,000. in april, 65
, if it holds, the economy's friend, our friend, we hepit continues. -- we hope it continues, it is the single biggest investment most of us will make. it appears to be paying off. but it will continue to pay off? does that mean that the rest of the economy followed? let's ask real estate expert dotty her man and scott martin, dotty? >> it's a go, i was here two months ago, i said it was great. i said it is doing better. i think we said a lot of foreigners we saw, now we're seeing more and more americans, they are able to move up as their equity moves up. neil: you said it would be better or something? >> i said it would be better. you don't' it to be a bubble. you don't' it to go up 20%. neil: yes, i do, that is what i want. >> no you don't. that is how we get in trouble. neil: my house has been reduced to the value o of a drive-thru stuckey's. what do you think? >> i follow stuckeys, i am from mountain view, new mexico, the fed is pumping the economy with liquidity making the rates lower. neil: they have been doing that for a long time, what is the magic. >> there is no magic,. we have to li
and argues they are bad for our economy. this is about an hour of time. [applause] >> thank you for having me here. thank you to c-span for coming and i want to tell you you have a heck of a deed here. i've known mike is imagine for a long, long time and he taught me a great deal about writing. the thing he taught that was most and if you've got to put passion in your writing. you can't just be a boring person. you've got to let it rip. he actually does that. i could tell you one thing that blew my mind. he once wrote a book review about this philosopher, hey go, who if you think i'm going to push you to save companies should reading hagel. this book review ended with a passionate love same between something that scott hickel wrote about. so if you can write with passion and turn it philosophers try words into a bloodstained come you can write with passion. so i've never forgotten that. we are dealing with tonight, let me see if i can get it going here. why write a book like this? why write a book about earning a million dollars an hour? what i was trying to do or three things. i'm trying to
Search Results 0 to 49 of about 987 (some duplicates have been removed)

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